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Michael L. Wachter Edit Profile

law and finance educator

Michael L. Wachter, American law and finance educator. National Institutes of Health grantee, 1981-1983; National Science Foundation grantee, 1974-1977; 20th Century Fund grantee, 1978-1982; General Electric Foundation grantee, 1980-1983. Member American Economic Association, Econometric Society, Industrial Relations Research Association.

Background

Wachter, Michael L. was born on March 12, 1943 in New York City. Son of Abraham and Florence Wachter.

Education

Bachelor of Science, Cornell University, 1964. Master of Arts, Harvard University, 1967. Doctor of Philosophy, Harvard University, 1970.

Career

Assistant Professor, Association Professor, University Pennsylvania, 1969-1973, 1973-1976. Visiting Research Association, Economics, Princeton University, 1974. Senior Adviser, Brookings Panel Economics Activity, since 1976.

Commisioner, Minimum Wage Study Commission, United States Congressional Commission, 1978-1981. Research Association, National Bureau of Economie Research, New York, New York, United States of America, since 1978. Professor Economics and Management, Director, Institute, Institution Law and Economics, University Pennsylvania, Philadelphia, Pennsylvania, United States of America.

Achievements

  • Woodrow Wil-son Fellow, 1964-1965. Bers Professor Social Sciences, University Pennsylvania, 1972-1973.

Views

Work has focussed on functioning of labour markets with particular reference to interindustry wage determination, differential unemployment, labour force behaviour of different age-sex groups, and the impact of immigration on secondary labour markets. Related research has focussed on the estimation of equilibrium unemployment ratesand potential output. Projects have focussed on shortand long-run fluctuations in productivity growth and new law and economics approaches to collective bargaining.

Membership

Member American Economics Association, Econometric Society, Industrial Relations Research Association.

Connections

Married Susan M. Jaffe, June 23, 1968. Children: Jessica, Jonathan.

father:
Abraham Wachter

mother:
Florence Wachter

spouse:
Susan M. Jaffe

children:
Jessica Wachter

Jonathan Wachter